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What approach allows analysts to determine the impact of changing requirements on a project?

Impact analysis

The approach that allows analysts to determine the impact of changing requirements on a project is impact analysis. This technique involves assessing how alterations in requirements will influence various facets of a project, including scope, resources, timelines, and stakeholder expectations. By conducting an impact analysis, analysts can identify potential risks, the gravity of changes, and the ripple effect those changes could induce in related areas, thereby facilitating informed decision-making and effective change management.

In contrast, benchmarking involves comparing project performance or processes against industry standards or best practices, which does not specifically cater to understanding the implications of requirement changes. Competitive analysis focuses on evaluating competitors' strengths and weaknesses relative to a project or business, while SWOT analysis examines internal and external factors that could affect a project but does not specifically analyze the impact of changes in requirements on ongoing activities. Therefore, impact analysis is uniquely suited for this purpose, providing the insight needed to manage project adaptations strategically.

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Benchmarking

Competitive analysis

SWOT analysis

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